Apr 18, 2013 1:00am PDT
or if you do have a portfolio manager, look to manage it defensively. by that, either have a ladder portfolio so you can reinvest as rates go up, or, have a short duration where you have -- >> okay. >> set et et cetera to keep your maturity short. >> i want to squeeze in a tax question. we hear that the obama administration may want to put a cap on the tax exemption. is that another reason to clean up your portfolio now rather than wait? >> well, i don't know that it's another reason to clean up your portfolio, but it's certainly something to keep on the radar screen. you know, obviously, with everything that's going on in washington, everything is on the table. and with each one that comes out, there's a proposal that there would be a 28% cap on deductions so no one would be lower than the 28% tax bracket. that means you couldn't have all tax-free income that would put you in no tax bracket. in essence, that would be a tax on municipal bonds. mayors and governors are fighting this very, very aggressively. and each time they seem to get it out of the budget proposal and then a new b
Apr 19, 2013 7:00pm PDT
're no exception. so i think when you look at the sector, it's a more defensive space than you might think. and in our case, we're a total return story. we are pay agonize dividend with this offering. we feel good about the offering that we have. >> it is very unusual that you said you're going to be offering investors a dividend. very rare for a new public company to do that. why did you decide to offer a dividend? >> it speaks of the strength of the company. we generate a lot of free cash flow. we're looking at a total return for our investors. a dividend is a big part of that. that's a solid part we can offer. >> do you think that's going bring more investors to buy into the stock? >> people are look for yield these days, for sure. and that's certainly an advantage. >> and the seaworld ipo by the way is one of the five biggest offers in the u.s. this year. >>> still to come on the program, the housing mke sis of. and with the nation's home builder schedule due to report their earnings next week, we take a look at the one company you should watch. but first, here is a look at how interna
Apr 15, 2013 6:30pm PDT
, tinto or cliffs natural resources were also weak. defensive names like walmart were also done, but fared better. the main catalyst for the sell off was concerns about slower global growth. china reported gdp for the first quarter below expectations. with europe in recession, trader rs now worried where is the growth going to come from. i'm bob pisani at the new york stock exchange. >> as bob just mentioned, the price of gold plunged today, recording its second worst loss ever and closing below $1400 an ounce for the time in more than two years. today was the first time ever that the dow and price of spot gold both recorded triple digit losses. why is selloff and what may be next for the precious metal? jackie deangelis has our report. >> another massive selloff in the gold market today, but what's fuelling the fur rouse rotation? several factors are at play including the continued strength in the equity market. gold had lost its luster, but gold is also an inflation hedge and as long as the fed continues with its stimulus program, investors believe inflation is likely to remain in check.